DowDuPont Chairman Liveris to Step Down April 1
DowDuPont Inc. is set to announce today that Andrew Liveris will relinquish his role as executive chairman of the world's biggest chemical company as of April 1, Bloomberg (March 12, Nagarajan) reports. Jeff Fettig, a director, has been tapped to succeed the 63-year-old Liveris. Meanwhile, COO Jim Fitterling is poised to be CEO of the materials-science company to be known as Dow when a break-up of the company takes place next year. "Created from the world's biggest chemical merger, the company is planning to split into three independent companies, with the separations to be completed by June 1, 2019," notes the publication. "The planned agriculture company remains as originally envisioned when the merger of Dow Chemical and DuPont was announced in December 2015."
Liveris recently told the Australian Financial Review (March 12) that he and his wife, Paula, were looking to eventually establish a permanent home in Sydney where they first met. Liveris has had a business and personal relationship with President Trump, but publicly disagreed with him on several issues including tariffs and climate change. "He had led the White House's advisory council of CEOs in the manufacturing industry before it disbanded," the newspaper recalls.
According to the Wall Street Journal (March 12, Benoit), Liveris had previously stated he would likely exit this year. However, he had already delayed the move once and the advisory board of the materials-science company had yet to zero in on a successor. Dow's board of directors and Liveris had gone through a search process that involved Fitterling and Howar